1 THE GOVERNMENTS HOMEBUILDER SCHEME WHO IS ELIGIBLE?
 

$25K HOMEBUILDER SCHEME

$25K HOMEBUILDER SCHEME

THE GOVERNMENT’S HOMEBUILDER SCHEME

On Thursday 4th June 2020 the Australian government announced the HomeBuilder stimulus scheme, offering $25,000 grants for new homes or substantial renovations.

We’re ready to be part of your HomeBuilder project or renovation…talk to us
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HOW THE HOMEBUILDER SCHEME WORKS.
Who is eligible and what are the strings attached?
To be eligible, you must:
– Be a current or prospective owner-occupier – not an investor
– Be a natural person, not a company or trust
– Be an Australian citizen
– Earn $125,000 or less a year for singles or less than $200,000 a year for couples

How long have I got?
To qualify for the HomeBuilder scheme, participants must enter into a building contract between 4 June and 31 December 2020.
Construction must be contracted to commence within three months of the contract date.

What can I spend the Homebuilder grant on?
HomeBuilder Grants must be spent to:
– Build a new home as a principal place of residence valued at up to $750,000 (including land); or
– Substantially renovate an existing home as a principal place of residence, with renovations valued at between $150,000 and $750,000 and the dwelling not valued at more than $1.5m prior to renovations. The renovations need to improve the accessibility, safety or liveability of the home.
All works need to be conducted by a registered or licensed builder, depending on your state or territory.

How to apply?
You can apply directly to your state or territory’s revenue office for the new HomeBuilder grant.

Download the Australian Government Fact Sheet here>>

HomeBuilder Government grants for housing construction, home renovations to bolster industry



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